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455-457 Somerset Street W
4102 - Ottawa Centre Ottawa Centre K1R 5J7

$2,240,000 /For Sale
Commercial

Main Photo: 455-457 Somerset Street W in Ottawa Centre: 4102 - Ottawa Centre Commercial for sale : MLS®# X12784612
Photo 1: 455-457 Somerset Street W in Ottawa Centre: 4102 - Ottawa Centre Commercial for sale : MLS®# X12784612
Photo 2: 455-457 Somerset Street W in Ottawa Centre: 4102 - Ottawa Centre Commercial for sale : MLS®# X12784612
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Photo 43: 455-457 Somerset Street W in Ottawa Centre: 4102 - Ottawa Centre Commercial for sale : MLS®# X12784612
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X12784612
Bus Major:
Apts - 6 To 12 Units
Welcome to 455/457 Somerset Street West a rare opportunity to acquire a turnkey 6-unit building in one of Ottawa's most vibrant and in-demand rental locations. This well-maintained property generates a strong NOI of $122,631.90, with a 5.47% cap rate, and bonus immediate upside: 1 purposely positioned vacant unit is ready for renovation, allowing the next owner to quickly increase rental income and unlock further value. Each of the six units offers a spacious, thoughtfully designed layout that promotes long-term tenant satisfaction. With a tenant profile geared toward young professionals and transient renters, there is considerable potential to elevate rents to market levels with minimal capital investment. Situated in the heart of Centretown, steps to shops, restaurants, universities, and transit, this asset benefits from both premium location and consistent rental demand. Investors will appreciate the mix of stability and opportunity ideal for portfolio growth or as a high-performing entry into Ottawa's multi-residential market. Feature sheet available which breaks down all unit sizes and lease information. Vacant unit rent assumed in listed NOI.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
5500 sq. ft. Square Feet
Total Area:
5,500 sq. ft.
Lot Depth:
112'4½"
Lot Frontage:
57'11"
Bathrooms:
7.0
Water supply:
Municipal
Zoning:
TM14
Heating type:
Gas Hot Water
Garage:
None
Parking Spaces:
6
Possession Details:
TBD
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$18,979 / 2025
Assessment:
$- / -
Ottawa
Ottawa Centre
4102 - Ottawa Centre
No
6 Fridges, 6 stoves, 3 dishwashers, 1 stacking set washer/dryer, 1 stacking set coin op washer/dryer, 1 combo washer/dryer.
Tenant Belongings
None
Utilities:
Yes
Air Conditioning:
Partial
Seller Property Info Statement:
No
Gross income:
$172,145.52
Net Income Before Debt:
$122,631.9
Expenses Actual/Estimated:
Estimated
Heating Expenses:
$4,238
Hydro Expenses:
$2,726
Insurance Expenses:
$8,481
Management Expenses:
$7,746.55
Tax Expenses:
$18,979.07
Operating Expenses:
$49,513.62
Water Expenses:
$3,293
Year Expenses:
2025
Maintenace Expenses:
$4,500
Property Management Company:
Sleepwell Property Management
Major Business Type:
Apts - 6 To 12 Units
Category:
Apartment
Outside Storage:
No
Date Listed:
Feb 12, 2026
Original Price:
Previous Price:
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Listed by SLEEPWELL REALTY GROUP LTD
Data was last updated February 14, 2026 at 06:15 AM (UTC)
DARYL  KING
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Owning an apartment building for sale provides unique advantages:

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1. Are apartment buildings a good investment?
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2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

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You can find listings across major cities and growing suburbs where rental demand remains strong.